Wayne Community Foundation
- Assets
- $5.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corydon, IA
- Founding
- 07/2000
- Data as of
- 06/2024
- EIN
- 42-1494971
Organization Overview
Wayne Community Foundation is located in Corydon, IA. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Wayne Community Foundation generated $19.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $21.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, LITERARY OR SCIENTIFIC PURPOSES. THE CORPORATION SHALL RECEIVE, INVEST, AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE WAYNE COUNTY IOWA COMMUNITY.
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS AND GRANTS HAVE BEEN PROVIDED TO BENEFIT THE WAYNE COUNTY COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Daughton President | 0 | $0 | |
Jenna Lain Vice President | 0 | $0 | |
Josh Hagan Secretary | 0 | $0 | |
Jill Tueth Treasurer | 0 | $0 | |
Kim Hicks Director | 0 | $0 | |
Boyd Sinclair Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,457 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,518 |
| Total expenses | $21,358 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,181 |
| Other assets | $0 |
| Total assets | $5,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,181 |
Grants Awarded
Over the last fiscal year, Wayne Community Foundation has awarded $87,097 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITON VALLEY HOUSING PURPOSE: HOUSING REHABILITATION | $50,000 |
SEYMOUR INDUSTRIAL DEVELOPMEN PURPOSE: TORNADO DISASTER | $37,097 |